EV sales double to fuel Turkey's auto market in July
Sales of passenger cars and light commercial vehicles in Türkiye rose by almost 15% in July, industry data showed on Monday, driven by robust demand ahead of a long-anticipated special consumption tax (ÖTV) adjustment at the end of the month.
Sales jumped by 14.6% year-over-year last month to 107,718 units, according to data by the Automotive Distributors and Mobility Association (ODMD). That marked a 55.9% increase compared to the average July sales over the past 10 years.
Passenger car sales jumped 14.7% in July to 84,195 units, while light commercial vehicle sales rose 14% to 23,523 units, the data showed.
Electric vehicle (EV) sales doubled compared to July last year, reaching 17,225 units, capturing a 20.5% share of the passenger car market. Hybrid sales also rose sharply, increasing 48.3% year-over-year to 21,656 units.
Despite a slight monthly decline of about 5 percentage points, the combined market share of hybrids and fully electric vehicles stood at 46.2% in July. On a 12-month rolling basis, that share surpassed the 40% threshold for the first time, reaching 40.8%.
Tesla topped the EV list in July with sales of 4,706 units of its Model Y, which held a share of 27.32%. It was followed by the homegrown Togg brand, which sold 2,720 units of its C-SUV T10X model, accounting for almost 15.8% of the EV market.
More than a week ago, Türkiye revised the special consumption tax on some cars in a move the government said was primarily aimed at helping reduce the current account deficit.
The change, made under a law on protecting the value of the Turkish currency, revised tax base thresholds and rates for certain fossil fuel-powered passenger cars and some hybrid vehicles that both use fossil fuels and have electric engines.
Special consumption tax rates were reduced by 5-10 percentage points for some vehicles, while for some other models, rates were increased by 10 to 20 points.
Türkiye has a large auto manufacturing sector, but it also has significant car imports.
The Treasury and Finance Ministry said the overall inflationary impact of the changes would be minimal, estimating a net annual effect of just 0.0019 percentage points.
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